Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Building Area

Property Description

JLL has been retained on an exclusive basis to arrange for the sale of 120 E. 144th St (the “Property”), an extraordinary development opportunity in the exciting Mott Haven neighborhood of New York City. The Property occupies an expansive 44,541 square foot lot (1.02 acres) that will enable a developer to create a ground up, high rise mixed use project. The Property’s scale and expansive views of the NYC skyline set it apart, making it a premier location to develop. Additionally, an outstanding combination of multi node transportation options serves the site, providing access to Midtown Manhattan in roughly 25 minutes. Immediate access to neighborhood amenities, green spaces, and spectacular light are just a few examples of the numerous value drivers that will attract future residents and tenants. Ideally positioned within a Opportunity Zones (“OZ”), prospective developers can capitalize on significant economic benefits provided by the OZ Program. It is rare for an OZ investment opportunity of this size and superior location to become available, adding to the Property’s allure.he Property presents Mott Havens best residential development opportunity in a neighborhood ready to transcend its existing rental product. Either a rental or condo strategy will achieve record pricing for the borough, and the fact that the Mott Haven neighborhood is growing i n terms of development, will significantly limit future competitive product of this size and scale. Development of the Property will offer an exceptional value proposition when compared to product of equivalent quality and convenience in Manhattan, Brooklyn, and Queens.

Investment Highlights

JLL has been retained on an exclusive basis to arrange for the sale of 120 E. 144th St (the “Property”), an extraordinary development opportunity in the exciting Mott Haven neighborhood of New York City. The Property occupies an expansive 44,541 square foot lot (1.02 acres) that w ill enable a developer to create a ground up, high rise mixed use project.

Last Updated Date: 30 Aug 2021
Karl Brumback
Karl Brumback
Managing Director, Capital Markets
License details
NY-10301207863
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925

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Last Updated Date: 30 Aug 2021

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